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Content
Face Value
₹10.00
Total Income
₹397.17 Cr
Profit After Tax
₹39.72 Cr
EPS
₹39.72
P/E
0.55
P/B
22.00
Market Capitalisation
₹70.40 Cr
Enterprise Value
-₹99.21 Cr
Intrinsic Value
₹457.53
Earnings Yield
180.55 %
Sector
Materials
Sub-sector
Diversified Chemicals
Category
Start up Funding
Cashflow - Operations
₹39.75 Cr
Cashflow - Financing
-₹19.01 Cr
Compounded Sales Growth
0.30%
1 Year
2.09%
6 Year
10.80%
11 Year
Compounded Profit Growth
0.12%
1 Year
3.82%
6 Year
25.26%
11 Year
Return On Equity
3972.17%
2036
17.36%
2031
25.46%
2026
The company has no plans for IPO as of now.
The company is a subsidiary of Vikrant Group (77% stake) with no subsidiary of its own. Its sister companies include:
With over 40 years of industry expertise, Vikrant Group is one of the
oldest & most reputed premium phenyl brands in India and with backward
integration the group is moving into the core chemical business as well. The Group is
the largest player in the disinfectant segment in North India with over ₹ 32 Cr of
revenue and a major presence in UP, MP, Uttarakhand, and Chattisgarh. The company has
had a consistent revenue growth rate of 26% CAGR between FY 19 and FY 22 and is
currently expanding east and west aggressively into Rajasthan, West Bengal
& others.
VCI Chemical Industries Pvt. Ltd. is a subsidiary of
Vikrant Group. The company’s primary business includes coal tar distillation and
bulk sale of its products to its customers around the world. Promoter Holding
of the company is 71% and the rest is free float/ held by private investors. The
cost of the project will be borne by
·
Promoter’s Contribution (23.4%)
·
Unsecured Loan (Quasi Equity) (11.6%)
·
Term Loan (65.1%)
INPUT:
OUTPUT:
Product | Output Channels | Particulars |
Impregnated Pitch/MCMB & Binder Pitch | 100% off-take to VCI Chemical Industries (UAE) Ltd (pitch melting plant) | 52000MTPA coal tar pitch @ ₹ 214 Cr. (estimate) |
Creosote Oil and Naphthalene | 50% of Naphthalene production and 100% of creosote oil to Vikrant Chemico Industries (FMCG Unit) | 2100MTPA of creosote oil and 3200MTPA of refined Naphthalene for ₹ 25 Cr. (estimate) |
CBFS | 100% off-take to Birla Carbon Renukoot Plant | 26,000 MTPA of CBFS for a 5-8% premium over and above the international benchmark rates + freight. This premium is due to a 10-12 % higher yield of the end product of coal-derived CBFS vis-a-vis petroleum-based CBFS due to higher carbon content. |
The company primarily deals in 2 product segments namely,
1. Coal Tar Pitch & Related Products:
o Market:
·
Aluminum grade pitch
·
Graphite electrode
o
Product
·
Binder pitch
·
Impregnated pitch / MCMB
2. Carbon Black oil /Carbon Black Feedstock:
o
Market:
·
Carbon black,
·
Dyes and pigment
o
Product:
·
Carbon Black Feedstock
·
Refined naphthalene
·
Crude naphthalene
·
Naphthalene balls
·
Light oil
·
Light creosote oil
·
Coal tar wash oil
·
Fuel oil
Total assets of the company as of 31.03.2025
Particulars | (Amount in ₹ Cr.) |
Property Plant & Machinery | 151 |
Cash and Cash Equivalents | 14 |
Total | 165 |
1. Overview of Industry:
Coking coal is converted into metallurgical coal using a process known as high-temperature carbonization, which produces a byproduct known as coal tar, also referred to as crude tar. Through a fractional distillation procedure, which separates up to 300 chemical components from the feedstock depending on their boiling temperatures, coal tar distillates are extracted from the feedstock. With the rising use of electric arc furnaces (EAF) among smelters, coal tar pitch is the most preferred feedstock in the steel and aluminium smelting industry.
Major applications in this segment are automotive products and general rubber components for industrial, consumer, construction, and other types of equipment. Specific items include belt hose and fuel hose, (such as conveyor belts, transmission belts, v-belts, coolant hose, hydraulic hose, and fuel hose), among others. It also includes mechanical and industrial rubber goods (seals, gaskets, rollers, sheeting and membranes and wheels, among others).
Specialty Carbon Black is a highly versatile component for non-rubber applications. It is mainly used in key plastic segments including moulding, film pipe, fibre, and cable. Plastics are used in a wide range of applications in various key end-use industries including packaging, paints & coating, construction, electrical & electronics, and automotive.
Plastics application is the major growth driver accounting for almost 2/3rd volume share of the Specialty Blacks market. Increasing demand for electrical and electronic components, such as microwaves, ovens, phones, tablets, laptops, computers, television, music player, and fax machine, is expected to drive the plastics demand.
Naphthalene & Carbon Oil (Creosote & Light Oil) market has encountered recent growth mainly attributed to the increase in demand for naphthalene in several end-use industries in this region such as building and construction, textile, agriculture, and plastic among others. Naphthalene is widely utilized in the production of plasticizers, dyestuff, phthalic anhydride, and pesticide.
2. Classification of Industry:
The entire growth CTP industry can be traced back to 2 demand drivers:
3. Market Size:
4. Key drivers
Growth of manufacturing sector spending, owing to population expansion coupled with growing demand for polymers is anticipated to drive speciality carbon black market growth Increasing demand for lithium-ion batteries is anticipated to further boost the market growth. According to Invest India, the global electronic is estimated around US$ 2 trillion and India is the largest contributor holding US$ 118 billion in the Electronic Market and is estimated to reach US$ 125 Billion by 2025.
6. Hindrances:
7. Peers :
The coal tar distillate industry in India is enriched with a lot of fragmented players catering to specific markets through their own small-scale production as well as trading activities. The 3 largest international competitors of the company are JFE chemical, OCI chemical and Rain Carbon (Rutgers) while the domestic landscape is dominated by giants like Himadri speciality chemicals ltd and Epsilon carbon p ltd.
Industry Statistics
PRIVATE LIMITED
Registered In
India
last Updated
01/12/2022
Registered Date
31/05/2021
Planify Ticker
vci
Reg Office: 49 GOV INDUSTRIAL ESTATE KANPUR Kanpur UP 208012 INDIA .